Toronto-Dominion Bank (TD.TO)

Canadian financials, starting in August all the way through to the end of the year, do phenomenally well. Chart is very positive showing higher highs and higher lows. You don’t trade the seasonals on this one. It is a long-term Hold.

(A Top Pick Sept 11/14. Up 32.07%.) A core holding which he trims and Buys a bit here and there. This has been his highest percentage weighted bank. Really likes it for the US exposure, relative safety and how well managed it is.

Had a large run up in the last few months. Buy when they get down to a PE of 12. 13.2 is the high end of their range. The big money on the banks is done now.

Stay with this or switch to Wells Fargo (WFC-N)? All of the Canadian banks are very solid. Each of them gives you something different. Going forward you want to have those that are more diversified outside of Canada. Not sure that Wells Fargo will give you that tremendous growth that some of the multi-national US banks will, because they are trading at a much depressed value.

People are in love with Canadian banks. Has been a good performer. It is probably one of the best because of its US exposure. He prefers a US bank directly.

Preferred ‘Y’ 3.55995% (Top Pick Nov 22/13, Up 3.74%) Still likes it. Probably gets called in 2018. Probably not a bad pick now.

Likes this bank longer term.

Reporting tomorrow. Chart shows a nice little trendline, and the moving averages are all in the right order. MACD is a little bit high, but in the past, it hasn’t led to anything significant.

Bank stocks could go higher if they decide to have stock splits. They have been increasing dividends. Every 10-15 years, even Canadian banks seem to have an implosion. He would not be buying into Canadian banks at this point in time. Prefers the US banks.

(A Top Pick Aug 27/13. Up 36.42%.) He is looking forward to capital gains of 5%-6% plus the dividend. Likes its US exposure. (See Top Picks.)

The banks are interesting here. They’ve had a decent run here, so we might see them stabilize a little. Likes this bank’s exposure outside of Canada, which he thinks will start to play out. Dividend yield of 3.2%.

(Market Call Minute) It has had a nice move upwards.

A Top Pick Aug 29/13. Up 31.1%.) A great story. Not trading at a huge multiple. One of the few banks in Canada that has built a reputation in the US. Although those assets have not shown much fruition, they will over the longer term. They have really dedicated themselves to being a retail bank, and stayed away from being a big global investment bank.

He thinks the banks will work higher. There is no sign of a peak in the banks. Feels the lower fruit has been picked and gains from here are going to be muted, but there will still be gains. For the banks, he would probably pick the ETF of ZEB. It pays every month and you get the 5 big banks in there.

You have to love the banks here. Earnings are up. Wealth management division is doing very well. Also, did well on the credit card deal with CIBC. Domestic retail has done very well. Definitely hold it.